Karachi: Saif Textile Mills Limited disclosed a significant share sale transaction executed by a substantial shareholder, Muhammad Hussain, on October 24, 2025. The details of the transaction were released following the regulations set by the Pakistan Stock Exchange (PSX) Regulation 5.6.4.
The transaction involved the sale of 3,391,000 shares at a rate of 22.64994 per share. This sale resulted in a cumulative percentage of 0.00% of the company’s total shares. According to information available from the Pakistan Stock Exchange (PSX), this transaction by a substantial shareholder is classified as a very large or significant move given the volume of shares involved in the sale.
The transaction was executed in the open market, specifically in the ready market category. It is important to note that such activities are required to be presented by the Company Secretary at the subsequent Board of Directors meeting. Additionally, per regulatory obligations, any profit from transactions completed within a holding period of less than six months must be deposited with the Securities and Exchange Commission of Pakistan (SECP).
The company has taken steps to update the necessary details in the UIN Management System, ensuring compliance with all relevant regulations.